February 24, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Bill Yee, Graziella Brenneman, and 2022 SBA Lending Conferences Bill Yee Joins Citizens Bank as SVP, City President in Little Rock “Bill is a perfect fit for our bank, both in terms of culture and talent,” says Vernon Scott, EVP and Regional President. “He…

February 23, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Financing Reached $1.3 Trillion in 2020 “Small businesses borrow mainly for four reasons: to start a business, purchase inventory, expand, or to strengthen the firm’s financial health,” reads the SBA Office of Advocacy’s Small Business FAQ. “The financing needs of small businesses vary greatly…

February 18, 2022 Delaney SextonContributing Editor Fraud Friday – Woman Allegedly Hired a Hitman with PPP Loan Proceeds “This is a case that not only devastated the family but devastated the community. The Miami Dade Police Department will not stop until we bring closure to all families affected by senseless acts of violence,” says Detective…

February 17, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Quinn Collins Coleman, Carey Hofferber, and James Keenan Quinn Collins Coleman Joins First Bank of the Lake as VP, SBA Senior BDO “We are excited Quinn has joined our team,” states Annemarie Murphy, EVP, President of SBA Lending at First Bank of the Lake.…

February 16, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Senate Hearing Considers Four Small Business Bipartisan Bills The Senate and House Small Business Committees both held a hearing on February 15, one reviewing bills to be introduced and the other reviewing the Infrastructure Investment and Job Act’s benefits for small businesses, respectively. Senator Cardin, the…

February 15, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 7(a) Delinquencies and Purchases are Down in Fiscal Year 2021 “Strong economic growth, strong profit performance, and tighter lending standards by financial institutions during the past several years have reduced delinquency rates for all business loans, which have been steadily declining since reaching cyclical…

February 14, 2022 Delaney SextonContributing Editor Main Street Monday – SBA 7(a) and 504 Loan Portfolio Increased an Average of 6.6% in FY21 “While the SBA received the addition of ARPA and Economic Aid Act funds, overall total assets decreased by $335.1 billion for a FY 2021 total asset amount of $562.4 billion, due to…

February 11, 2022 Delaney SextonContributing Editor Fraud Friday – Private Equity Fund CEO Pleads Guilty to $140 Million Bank Fraud Scheme “As he admitted today, Elliot Smerling used false documents and deceit to obtain over $100 million in fraudulent loans on behalf of his private equity funds. This Office is committed to protecting the integrity…

February 10, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Joe Barbato, Candice Caruso, Anthony Ryan, Deb Curtis, and Kirk Beason Joe Barbato Joins First Bank of the Lake’s SBA Lending Team as SVP, SBA National Relationships Sales Manager “Joe is a dynamic and knowledgeable lender with years of lending and sales experience. He…

February 9, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Coleman 2022 SBA Lender Professional Award Winners We want to congratulate all of our 2022 Coleman SBA Professional Award winners and thank our winners for their contribution to the SBA industry! Woman SBA Lender of the Year Tammy Youst – Centennial Bank SBA 7(a) Lender of…